Word: deficits
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Dates: during 1990-1999
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...budgets. Most politicians didn't understand his idea to begin with. "Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist," Keynes wrote. In the 1932 presidential election, Franklin D. Roosevelt had blasted Herbert Hoover for running a deficit, and dutifully promised he would balance the budget if elected. Keynes' visit to the White House two years later to urge F.D.R. to do more deficit spending wasn't exactly a blazing success. "He left a whole rigmarole of figures," a bewildered F.D.R. complained to Labor Secretary Frances Perkins...
...soon as the Asian crisis began, many economists expected that it would boost the U.S. trade deficit. Countries hit by the crunch are less able to buy U.S. goods and more hard-pressed to sell their own goods; as the U.S. economy was the strongest in the world, it appeared to be the importer of last resort, buying goods when no other economy could afford them. The biggest danger from the crisis, it was predicted, was that the U.S. might refuse to play this role, erecting barriers against world trade, knocking out the supports from the global economy and repeating...
Unfortunately, this scenario seems to be playing out already. Last Thursday, the Commerce Department announced the trade deficit had hit its highest monthly level in history. Just the day before, the House has voted to approve a strict quota on steel imports, capping them at pre-1997 levels. Although the bill is expected to fail in the Senate, the 289 to 141 House vote for a blatantly protectionist measure shows how sentiment has changed in the few years since NAFTA was approved and how easy it is for matters to take a drastic turn for the worse...
...three matches, Harvard found its strength in singles play. The Crimson faced a point deficit after the doubles matches and needed to win at least four singles matches to clinch the overall victory...
...course, being an outcast is only the most recent unpleasant human condition to be cast into a medical context. Attention Deficit Disorder (ADD), which has become the popular diagnosis for kids who won't behave, was the first to enter the national consciousness. ADD is treated by drugging hyperactive children with Ritalin...